Lionbridge Technologies Inc. (LIOX) Sees Strong Trading Volume
Lionbridge Technologies Inc. (NASDAQ:LIOX) shares saw an uptick in trading volume on Friday . 840,230 shares were traded during mid-day trading, an increase of 150% from the previous session’s volume of 336,522 shares.The stock last traded at $4.51 and had previously closed at $4.59.
A number of brokerages have commented on LIOX. B. Riley reiterated a “buy” rating and issued a $6.75 price objective on shares of Lionbridge Technologies in a report on Friday, May 6th. Zacks Investment Research upgraded shares of Lionbridge Technologies from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a report on Tuesday, May 10th. Barrington Research cut their price objective on shares of Lionbridge Technologies from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, May 9th. Finally, TheStreet lowered shares of Lionbridge Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 3rd.
The company has a market cap of $268.62 million and a price-to-earnings ratio of 23.61. The stock’s 50 day moving average price is $4.27 and its 200 day moving average price is $4.52.
Lionbridge Technologies (NASDAQ:LIOX) last released its earnings results on Thursday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by $0.03. During the same period last year, the firm posted $0.14 EPS. The business had revenue of $136.50 million for the quarter, compared to the consensus estimate of $138.01 million. The firm’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts forecast that Lionbridge Technologies Inc. will post $0.62 earnings per share for the current year.
In related news, CEO Rory J. Cowan bought 21,052 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was bought at an average price of $4.38 per share, for a total transaction of $92,207.76. Following the transaction, the chief executive officer now directly owns 4,595,818 shares in the company, valued at $20,129,682.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
A hedge fund recently raised its stake in Lionbridge Technologies stock. Dimensional Fund Advisors LP raised its stake in Lionbridge Technologies Inc. (NASDAQ:LIOX) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,036,108 shares of the company’s stock after buying an additional 80,305 shares during the period. Dimensional Fund Advisors LP owned approximately 3.36% of Lionbridge Technologies worth $9,997,000 as of its most recent filing with the SEC.
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.
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